TLDR
- Visa is testing SBC settlement with Brale to assess privacy controls on Canton Network rails.
- The proof of concept focuses on programmable payments for institutional users requiring controlled transaction visibility.
- Brale’s dollar backed SBC token is natively supported on Canton for settlement testing with Visa.
- Visa says stablecoins remain part of its broader work on faster global settlement infrastructure development.
- Canton’s privacy design allows shared blockchain use while limiting access to sensitive payment data details.
Visa and Brale have started a proof of concept to test stablecoin-based settlement using SBC on the Canton Network. SBC is a U.S. dollar-backed stablecoin issued by Brale and supported natively across Canton infrastructure. The program centers on institutional settlement, where payment firms seek faster processing and controlled data sharing.
The companies said the test will assess privacy-enabled blockchain infrastructure for real-world payment flows. Canton is designed to let participants use shared network rails while restricting access to sensitive transaction information. Visa plans to evaluate SBC as another supported stablecoin option for institutional settlement use cases.
The collaboration builds on Visa’s stablecoin settlement work, which began in 2021 across selected payment arrangements. Visa has allowed certain VisaNet obligations to be settled with supported stablecoins as part of that program. The new test adds a focus on private settlement activity through infrastructure built for regulated financial users.
Privacy Controls Shape Institutional Payment Trial
A central part of the project is Canton Network’s privacy architecture, according to the companies. Many public blockchains expose transaction data broadly, which can create challenges for institutions handling settlement information. Canton aims to limit data visibility while preserving blockchain-based coordination among approved parties.
The proof of concept will also review how programmable payments can operate within privacy-focused settlement workflows. Programmability can support automated payment conditions, reconciliation processes, and other functions used by financial institutions. Visa and Brale will test whether SBC can support these functions without broad disclosure of transaction details.
Brale said financial institutions are seeking stablecoin infrastructure that aligns with operational, regulatory, and privacy needs. Its SBC token is intended for dollar-denominated settlement activity across supported blockchain environments. The Canton deployment gives the companies a venue to assess privacy features alongside payment performance.
Stablecoin Settlement Expands Across Payment Networks
Visa’s Head of Crypto, Cuy Sheffield, said the work examines settlement use cases requiring programmability and privacy controls. He said the collaboration will help Visa evaluate requirements for moving these capabilities into production settings. The remarks place the test within Visa’s wider stablecoin settlement review.
Brale founder and chief executive Ben Milne said the work with Visa is aimed at making stablecoin settlement more practical and scalable. He said institutions need infrastructure that can match their compliance and privacy standards. The statement reflects Brale’s focus on using SBC for payment flows involving financial firms.
The program arrives as dollar-pegged stablecoins continue to expand in payment and settlement discussions. Visa has described stablecoins as a potential next-generation settlement layer for global payments. The Canton trial will assess whether SBC can meet institutional requirements for private, programmable, and faster settlement.
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